exchange their money for dollars and other foreign currencies. The next day, clashes erupted in the center of Tehran between money changers and security forces after riot police on motorcycles used batons and tear gas to shut down a long-tolerated black-market for foreign currency.
On Oct. 15, the European Union toughened its sanctions on Iran, banning trade in sectors like finance, metals and natural gas, and making business transactions in many other areas far more cumbersome.
The fall in…
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